Sec. 26. (a) This section applies to each community school corporation.
(b) A community school corporation established under this chapter or IC 20-23-16-1 through IC 20-23-16-5, is a body corporate and politic. The corporation may:
(1) sue and be sued; and
(2) acquire, hold, and convey real and personal property necessary to the community school corporation's establishment and operation.
(c) A corporation has:
(1) all the powers, rights, duties, and obligations of the school cities of any class in which the school corporation would fall if it were organized as a school city; and
(2) the additional powers granted school corporations:
(A) in general; or
(B) school corporations in the population or other classifications in which the school corporation falls.
(d) The officers of the governing body are a:
(1) president;
(2) secretary;
(3) treasurer; and
(4) vice president, if the board of trustees consists of more than three (3) members.